Copano Energy (CPNO) Completes Repairs to Houston Central Facility
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Copano Energy, L.L.C. (Nasdaq: CPNO) announced that repairs to its Houston Central cryogenic processing facility, which were discussed on Copano's earnings conference call held February 29, 2012, have been completed. The newly upgraded plant began producing NGLs that meet downstream specifications on March 13, 2012 and is currently processing approximately 200 million cubic feet per day of rich natural gas. Copano anticipates no change to the original project cost of $21 million. Copano does not expect that the March 13th startup will have a material impact on the first-quarter Texas segment gross margin and distributable cash flow guidance provided during the February 29th conference call.
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